Global ETF News Older than One Year
ETFS Research Note-The Increasing Attraction of the Other Precious Metals
November 15, 2013--Gold has corrected for the first time in 13 years as the US equity market has achieved new highs
The gold correction is providing an opportunity for investors to reweight and/or diversify into the more industrial precious metals, or a broader basket of precious metals
Silver, platinum and palladium,the more industrially orientated precious metals, are more likely to benefit from improving global growth
Favorable tax implications may provide additional impetus for some reallocation of assets
Moving beyond the financial crisis, the more industrial precious metals are gaining attention
Gold certainly still has its place in diversified portfolios but the other precious metals (PMs) are becoming increasing attractive. The more industrially-oriented precious metals including silver, platinum and palladium are more likely to benefit from improving global growth sentiment. Only about 10% of gold demand is used for industrial purposes compared to the opposite spectrum, palladium, where nearly 90% of total demand is for industrial purposes. About 55% of silver and about 65% of platinum are used for industrial purposes.
Source: ETF Securities Research
IEA releases Oil Market Report for November
Record production elsewhere more than offsets plunge in OPEC output; European refinery runs hit two-decade low
November 14, 2013--Record-high non-OPEC output lifted global oil supplies by 600 000 barrels per day (600 kb/d) in October to 91.8 million barrels per day (mb/d), the IEA Oil Market Report for November informs subscribers.
Year-on-year, October supplies rose 640 kb/d, as a 1.84 mb/d surge in non-OPEC liquids and OPEC NGLs offset a 1.20 mb/d plunge in OPEC crude. Total non-OPEC supply growth is forecast at 1.3 mb/d for 2013 and 1.8 mb/d for 2014.
Source: IEA (International Energy Agency )
New record high: Global ETF and ETP assets hit US$2.3 trillion in October
November 14, 2013--October marked another month of strong inflows with global ETFs/ETPs. Combining the US$32.6 billion of net inflows with positive market performance during the month, global ETF/ETP assets reached a new record high of US$2.3 trillion, according to ETFGI's October 2013 Global ETF and ETP industry insights report.
"The expectation that the Federal Reserve will maintain its QE scheme at its current size into 2014 and positive market performance encouraged investors to put net inflows of US$32.6 billion back into the market through ETFs/ETPs" according to Deborah Fuhr, Managing Partner at ETFGI.
Source: Thomson Reuters
MSCI futures to boost derivatives sector-Dt.Bank
Listing of MSCI futures boosting derivatives flow-Dt Bank
Derivatives sector faces tougher rules after 2008 crisis
November 14, 2013--The increasing use of MSCI futures products is increasing trading flows in the $630 trillion global derivatives industry, Deutsche Bank said on Thursday, in a trend which may boost revenues for exchanges and buoy a sector facing regulatory pressure.
Simon Carter, head of Deutsche Bank's European equity derivatives strategy, told an investor webcast that increasing numbers of clients were using futures from the MSCI index compiler after MSCI listed them on exchanges earlier this year.
Source: Reuters
Governments can do more to regain trust, says OECD report
November 14, 2013--The global economic crisis has undermined trust in government. Today only four out of ten citizens in OECD countries say they have confidence in their national authorities. Not surprisingly, trust declined in the countries hit hardest by the crisis, such as Ireland, Greece, Slovenia and Portugal.
But measures can be taken to rebuild trust, according to a new OECD report. The OECD's latest edition of Government at a Glance argues that governments need to be more inclusive, transparent, receptive and efficient. For that, they need to put their fiscal houses in order, deliver high quality services to their citizens and provide open and transparent data.
view the OECD Government at a Glance 2013 report
Source: OECD
Vanguard slashes costs on two passive funds
Vanguard cuts fee on Emerging Markets Stock Index tracker and Global Bond Index tracker
November 14, 2013--Vanguard Asset Management has slashed the cost of two of its tracker funds.
The passive investment manager has lowered the total expense ratio on the ££4.1bn Vanguard Emerging Markets Stock Index fund from 0.55 per cent to 0.4 per cent.
It has also lowered the total expense ratio on the Vanguard Global Bond Index tracker from 0.25 per cent to 0.2 per cent.
Source: FTAdviser
SSgA-Global ETF Snapshot-October 2013
November 14, 2013--STATE STREET GLOBAL ADVISORS HIGHLIGHTS, OCTOBER 2013
ETF Industry Detail
GLOBAL ETF LISTING REGION
The United States had over $26.6BN of inflows in the month October, increasing its year-to-date inflows to $152.9BN.
Europe experienced inflows of $4.0BN in October, increasing its year-to-date inflows to $13.5BN, while APAC had inflows of $4.8BN, increasing its year-to-date inflows to $12.7BN.
GLOBAL PERFORMANCE BY ASSET CLASS
MSCI AC World IMI increased 3.9%, while MSCI EAFE(R) gained 3.4%. Emerging markets returned 4.9%, while Emerging Markets Small Cap jumped 4.4%. US Large Cap, Mid Cap and Small Cap markets were all positive, increasing 4.6%, 3.7% and 3.6%, respectively.
The Global Aggregate gained 1.0% and the Global Treasury Ex US grew 1.1%. The US High Yield, the US Aggregate, the US Treasury and the US Corporate Bond markets were all positive in October. The US REIT market was up 4.1%. Commodities were negative, with the Dow Jones-UBS Commodity Index losing 1.5% and Gold dropping 0.2%.
GLOBAL ETF FLOWS BY ASSET CLASS
Global ETF inflows topped $35.3BN in October. Equity had inflows of $36.4BN. The equity inflows were driven by developed large cap, with $8.3BN in inflows, and developed mid cap, with $6.7BN in inflows. Fixed Income had inflows of $1.1BN, which were driven by inflows of $2.9BN into developed markets corporate high yield.
ETF Manager & Fund Detail
MANAGER DETAIL
The top three families in the Global ETF marketplace were: BlackRock, State Street and Vanguard. Collectively, they account for approximately 71% of the Global ETF market.
Source:SSgA
BNY Mellon Consultant 360 now available
November 14, 2013--The BNY Mellon Consultant 360 Volume lV 2013 is now available.
Source: BNY Mellon
PwC-How global tax reforms might impact ETF efficiency: A look at the implications for ETF strategy and structuring
October 14, 2013--At a glance
Due to their low costs and potentially greater tax efficiency, ETFs offer a very efficient return to investors. ETFs' tax advantages have contributed to their strong competitive position and growth.
But a rapidly changing tax environment will present challenges as governments around the globe seek to bridge budget deficits. By staying on top of these changes, sponsors can mitigate adverse effects while remaining compliant with changing global tax laws.
Source: PwC
PwC-The next generation of ETFs: Why every asset manager needs an ETF Strategy
November 14, 2013--At a glance
Exchange traded funds (ETFs) have enjoyed two decades of explosive growth. Evolving and proliferating as they attracted new users, ETFs went from a single vehicle providing exposure to large cap US equities to thousands of products representing a dizzying range of asset classes and strategies.
As ETFs reshape their environment all over again, asset managers and intermediaries alike will want to have strategies in place to deal with the changes sweeping across the competitive landscape.
view the PwC report-The next generation of ETFs: Why every asset manager needs an ETF Strategy
Source: PwC
